Which of the following is an example of a monopolistically competitive industry?

A temporary supply shock that raises prices will cause the real interest rate to

A) rise in both the short and long runs. B) rise in the short run but not in the long run. C) fall in both the short and long runs. D) fall in the short run but not in the long run.

The rate of interest charged to commercial banks by the Fed for loans is called the ________ rate.

A. federal funds B. discount C. prime D. commercial paper